Construction mortgages bust, renos boom

Thursday, 2 September 2021

Today’s lending indicators data for July from the ABS shows that construction mortgages have collapsed following the ending of the HomeBuilder subsidy in March:

Crash back to earth.

Construction mortgages have fallen 48% from February’s peak.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.